This project summary describes a new condominium development called "The Pearl" located in Ortigas Center, Pasig City. The key details are:
- It is a P2.8 billion project consisting of two 37-story residential towers with units from 24-48 square meters in size.
- The location is very accessible, within walking distance of several malls, churches, universities and only a 3 minute walk to public transportation.
- Amenities will include a lobby, function rooms, fitness center, pools, and parking. Finishing will be bare concrete shells.
- Prices range from P1.6 to P3.4 million and payment plans require a 30%
4. How do we make “The Pearl” shine its brightest?
-Where can you find a condo project in Ortigas at P66,000/sqm?
- It is very near 3 CBDs – Ortigas, The Fort and Makati
- While it is in the central business district, the area is quiet
enough as if you are experiencing suburban living
-The area is just a 3-minute walk from Shaw Blvd where you have
Jeepneys going to Mandaluyong/Quiapo/Pasig
- Walking distance to St Francis Church, EDSA Shangrila Mall and
Megamall and very near Poveda, La Salle Greenhills, Robinsons
Galleria mall, ULTRA
- This is a P2.8B project!!
5. Location
Pearl Drive cor Gold Loop, Ortigas Center, Pasig City
General Description
• Two tower residential development with 4 level
podium and basement
• 37-storey buildings
• Levels 5-32 (24 units per tower); 33 – 37 (14
units/tower)
• Flat units
• Modern Art Deco inspired Architectural Design
• Concrete façade with glass windows
6. Typical Residential Features
• Entrance panel with door viewer
• Intercom per unit connected to the reception counter
• Automatic smoke detectors and fire alarm with sprinkler
system in
all units
• Provisions for:
> Individual electric and water meter
> Cable TV line
> Telephone line per unit
> Ventilation for kitchen and toilets
> Window type aircon
> Hot water supply line (excluding water heater) for toilet
and kitchen
7. Building Facilities and Services
• Common entrance lobby with reception counter
• Three (3) passenger elevators per tower, one which will
serve also as a service elevator
• CCTV monitoring of selected common areas
• Automatic smoke detectors
• Annunciator panel with emergency speaker at all floors
• Elevated water tank and underground cistern
• Standby power generator for common areas and
selected outlets in the residential unit
• Individual mail boxes
• Central garbage area
• Building Administration office
• Fire exit
8. Recreational Amenities and Facilities
• Ground Floor:
Commercial areas
Central lobby
• Fourth Floor
Function Rooms
Fitness Center
Kiddie pool
Adult Lap pool
9. Parking
• Two-level Basement Parking, 2 level above
ground Parking
Unit Finishes and other deliverables
• Bare Unit
18. This is an architect’s rendering of the featured unit, to serve as a guide to how buyers can finish can
finish and customize their units. All partitions, finishing, furniture, appliances, and accessories shown
herein are for illustrative, purposes only and are not part of the developer’s standard deliverables.
30. STANDARD PAYMENT SCHEME
Reservation Fee P30,000
Downpayment (DP)
30% of TSP
(payable within 30 days after RF)
DP Period 48 Months
Balance
70% of TSP
(Bank Financing or Buyer’s Equity)
Discount Applicable
Promo Discount (until October 31, 2010)
P4,000 / sqm
PARKING RIGHTS
TSP P600,000 per slot
Reservation Fee P10,000
Payment Scheme Simultaneous with the payment scheme of the purchased unit
Turnover Date July 2014
AVAILABLE PAYMENT SCHEME
31. PARTICULARS
STUDIO
24 sqm
1-BEDROOM
32 sqm
2-BEDROOM
48 sqm
Total Selling Price (TSP
Less: Promo Discount (P4,000/sqm)
Net TSP
1,680,000.00
(96,000.00)
2,272,000.00
(128,000.00)
3,629,000.00
(192,000.00)
1,584,000.00 2,144,000.00 3,437,000.00
Reservation Fee (RF)
(payable on the reservation date)
30,000.00 30,000.00 30,000.00
30% Downpayment (DP)
Less: RF
30% DP Net of RF
divide by DP Terms
Monthly Amortization
(1st
Amortization payable 30 days
after RF)
475,200.00
(30,000.00)
643,200.00
(30,000.00)
1,031,100.00
(30,000.00)
445,200.00
48 months
613,200.00
48 months
1,001,100.00
48 months
9,275.00 12,775.00 20,856,25
70% Balance
(Bank Financing or Owner’s Equity)
1,108,800.00 1,500,800.00 2,405,900.00
SAMPLE COMPUTATION